McCain gets $1,930 a month from 'broken' Social Security system

San Francisco Business Times

Republican presidential candidate John McCain cashes his monthly Social Security checks despite calling the federal program "a disgrace," the Associated Press reports.

"I'm receiving benefits," McCain told campaign reporters, but added, "the system is broken."

In 2007, he received benefits of $23,157 from Social Security, approximately $1,930 a month. The maximum monthly benefit under Social Security is $2,185. Social Security benefits are determined by age at retirement.

McCain, who is 71, has received benefits since he was 65.

Last week, McCain told observers at a town-hall meeting in Portsmouth, Ohio, "Americans have got to understand that we are paying present-day retirees with the taxes paid by young workers ... and that's a disgrace." [so the system, working the way it was designed to work and which is one of the most effective and popular government programs in history, is a "disgrace." Is McCain actually dumber than Bush?]

B.J. Jarrett from the Social Security Administration said that individuals can refuse retirement benefits.

In 2006, McCain's wife Cindy earned $6 million, and has a net worth of approximately $100 million.